Capital One cutting 135 jobs, combining offices

Capital One Bank is closing its back offices in Mattituck in a move that will eliminate 135 jobs, as it consolidates operations in Melville and Richmond, Va.

The McLean, Va.-based company, which has 370 branches and 4,000 associates in New York state and 120 branches and 2,000 associates on Long Island, informed workers Wednesday of the decision to close the Mattituck office by next June.

The company said most positions will be eliminated on Dec. 4, although a handful of workers will remain there through the second quarter of 2012.

The Mattituck site includes a wide range of bank operations including information technology workers, loan coordinators and corporate real estate staff.

Capital One said all affected workers are being offered jobs in Melville or Richmond, Va., although it’s not clear how many will accept new positions.

If they accept the jobs, they will be eligible for sign-on bonuses if no relocation is needed or relocation packages.

“The consolidation is a business decision to simplify our operations and standardize our processes,” Steve Schooff, a Capital One spokesman, said.

Schooff in a written statement indicated Capital One is working with an outplacement firm and opening an onsite career development center, providing career counseling and help with job searches.

“This was a very difficult decision and one that our banking leaders do not take lightly,” Schooff said in a written statement.

He said even after the Mattituck facility closes, Capital One will continue to have a large presence in the region.

“We have 2,000 positions in Long Island ranging from commercial real estate bankers to middle market bankers, small business bankers and branch associates,” Schooff told LIBN. “We’re firmly committed to Long Island.”